Search
Saudi Arabia issued its first license for forex trading
... a lucrative destination for forex brokers. On April 25, the Capital Market Authority (CMA) of Saudi Arabia has issued its first forex broker license and, therefore, made the country even more attractive for brokers. The newly licensed broker for forex trading is a Closed Joint Stock Company in the Kingdom of Saudi Arabia. AN INSIDER MARKET OR FAIR COMPETITION? Even through this is an ove...
Path: BlogBelarus exempts forex trading from taxes
The President of Belarus, Alexander Lukashenko, **signed the Decree “On Taxation”** which exempts forex trading from taxes.The decree exempts individuals from paying income tax received from transactions with non-deliverable OTC financial instruments. The tax exemption was initially proposed in March of 2016, however, since then it was only a temporary measure and had to be extended every...
Path: BlogStarting offshore business in Vanuatu
...ng a Vanuatu offshore international company only for carrying out small a business or financial management, you can confine yourself to being a single shareholder and director: there are no requirements for residence or number of founders and CEOs. forex trading regulations as another common reason to enter Vanuatu offshore jurisdiction. Confidentiality policy in this country is very strict an...
Path: BlogMauritius Global Business Category 1 (GBC1)
...previous written consent from the Financial Services Commission (“FSC”) has been requested and that the conditions laid out in the Financial Services Act have been met. Business formations involved in financial services business in particular forex trading, investment management, insurance, banking, investment advisory services, as an example, can only be created as GBC1 companies and recei...
Path: BlogThe evolution of Forex in the 21st century
...illion USD seemed inconceivable. Why such figure has been reached? The answer is – FinTech. Financial technology transformed the FX market by bringing online banking, the Single European Act, the UK’s Big Bang Movement, and, person-to-person forex trading. Owing to FinTech, Forex market became available not only to a few brokers but to everyone who wants to participate in trading. Poli...
Path: BlogNew Legal Framework for Forex Brokers in Saint Vincent and the Grenadines
...Vincent and the Grenadines is not major country that comes to mind when somebody talks about foreign exchanges, but there appears to be a growing trend where a number of companies are being established for the purpose of carrying out the business of forex trading and Brokerage and other related activities in SVG, therefore, in SVG might be some big changes coming in terms of regulation. In rec...
Path: BlogBelize Forex License
...d comparatively quick. Moreover, Belize enjoys good reputation in the sphere of financial services and is widely known to international banks and payment providers. Belize has even implemented licensing legislation that is particularly focused on forex trading companies. Provision of such services is regulated by International Financial Services Commission of Belize (IFSC). To satisfy the ex...
Path: LicensingFiji Foreign Exchange Dealer License
...conomies. In contradistinction to classic offshore jurisdiction, Fiji Islands are having very positive reputation among investors.Timeframe: approximately 3 months Minimum paid up capital:: $50,000 USD Overview Legality and Licensing: forex trading in Fiji is legal. However, individuals and companies must obtain a Foreign Exchange Dealer License from the Reserve Bank of Fiji (RBF). ...
Path: Licensing